Hayo, Bernd; Mazhar, Ummad - In: Open Economies Review 25 (2014) 4, pp. 739-770
This paper studies monetary policy committee transparency (MPCT) based on a new index that measures central bankers … macroeconomic variables and institutional transparency, as well as instrumenting MPCT in various ways. MPCT can be both a complement … to and a substitute for institutional transparency. Copyright Springer Science+Business Media New York 2014 …